10/30/2025
BREAKING: OpenAI is laying the groundwork for an IPO that could value the company at up to $1 trillion, according to people familiar with the matter. The ChatGPT maker may file as soon as late 2026, with early talks centered on raising at least $60 billion. CEO Sam Altman said this week that going public is “the most likely path for us, given the capital needs that we’ll have.”
The discussions follow a restructuring that simplified OpenAI’s ownership and reduced its reliance on Microsoft. Its nonprofit arm — now the OpenAI Foundation — holds a 26% stake in the company and could gain more shares if certain milestones are hit, giving it both oversight and a financial stake in OpenAI’s growth.
A public debut would be a major win for investors like Microsoft, SoftBank, Thrive Capital, and Abu Dhabi’s MGX, and another sign of the market’s AI surge. With Nvidia now worth $5 trillion and CoreWeave tripling since its IPO, OpenAI’s listing could define the next phase of the AI boom.